400-408 Talbot Street, St. Thomas

$869,000

0 Beds
0 Baths
0 Sqft
.19 Acres
0 Garages

Large quality commercial building. Totally renovated to meet federal government standards. Elevator. Security systems can be assumed. Wired for computers & LAN room climate controlled. Solar panels on roof generate about $6,000/year. Buyer will need to obtain approval to assume contract. Tenant,Employment Services Elgin occupies 4471 sq ft of first & second floor of 400 Talbot as of April 1, 2020 for 3 years (plus 3 board rooms in basement). Tenant,Family Service Thames Valley,occupies small office of second floor at 406-408 Talbot.The owner,Community Living Elgin, occupies 406-408 Talbot (& board room/shared baths in 400 Talbot). Yearly gross rents about $148,000 (solar not included). The Owner is non-profit organization,exempt from paying realty taxes. 2019 assessment of 400 Talbot is $397,500; 406-408 Talbot is $331,750 x 2019 commercial mill rates,taxes for 2019 would be $28,191.56.Seller wishes to vacate their space on closing but might consider staying on for a short term lease.

Essential Information
MLS® #229821
Price$869,000
Bathrooms0.00
Acres0.19
TypeCommercial Sale
Sub-TypeBuilding and Land
StatusActive
Community Information
Address400-408 Talbot Street
AreaSt. Thomas
SubdivisionSW
CitySt. Thomas
CountyElgin
ProvinceON
Postal CodeN5P 1B8
Amenities
ParkingAsphalt, Outside/Surface/Open
Interior
HeatingGas, Gas Forced Air Open
CoolingCentral Air
Has BasementYes
# of Stories2
Interior Features

Board Room, Florescent Lights, Lunch Room, Public Washrooms, Storefront, Suspended Ceilings, Window Display

Exterior
RoofMembrane
ConstructionBrick
FoundationBrick
Additional Information
Days on Market217
Listing Details
OfficeROYAL LEPAGE TRILAND REALTY
LISTING MAP

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